For generations, gold has held a revered place in Indian culture, symbolizing good luck and heralding prosperous times. This deep-seated cultural bond continues to thrive, even as gold prices soar to unprecedented levels

The skyrocketing price of gold is a matter of concern to the entire gold industry, but even more so for India, which is one of the largest consumers of gold worldwide. Driven by multiple factors, chiefly global economic uncertainties, inflation concerns, and a strong investment demand, these price movements have significant implications for retailers, consumers, and investors in India. In a conversation with Suneeta Kaul, Sachin Jain, Regional CEO, India, World Gold Council, dwells on the impact of high prices, the move towards organized retail in the country, the rising trend of digital gold investment, and more

India's gold demand is expected to moderate in 2025 due to record-high prices, which are likely to reduce jewellery consumption despite strong investment interest, the World Gold Council (WGC) reported on Wednesday

Titan experienced a significant 26 per cent surge in jewellery sales during the October-December 2024 quarter, driven by strong festive demand, particularly during Diwali

The ICRA report projects a robust 14-18% year-on-year growth in India’s gold jewellery consumption for FY25, driven by factors like the customs duty cut, festive demand, and rural income boost. Organised retailers are expected to lead the growth with network expansions and rising consumer preference for branded jewellery

This unexpected increase underscores the enduring cultural significance of gold in India and its status as a preferred asset class for investors

The World Gold Council's Q3 Gold Demand Trends report highlights the enduring appeal of gold as an asset, with central bank buying remaining robust and exceeding historical averages

Gold bars and coins continued to hold favour with investors in several countries around the world.

As the world’s sixth-largest economy and foremost silver fabricator, India also plays an essential role in silver and gold investment demand.

Report informs of a strong third quarter that lifts gold demand to pre-pandemic levels

The World Gold Council’s latest Gold Demand Trends Report reveals gold ETFs had their strongest quarterly inflows of 269t since Q3 2020, more than reversing the 173t annual net outflow from 2021, and driven in part by the rising gold price

According to Silver Institute, India remains the driving force, assisted by improving consumer sentiment

Demand is primarily driven by a firm grip on the pandemic, with higher vaccination rates and falling infection rates leading to a rebound in economic activity

Net gold ETF sales were  small; when compared to the pandemic-induced buying surge of a year earlier, this was enough to place overall gold demand into a Y-O-Y decline